In these times of Mass scammers out there, I urge people to use an escrow. There are many good members out there willing to help to secure the bitcoin community, There are also more people willing to do anything to scam you out of your coins, Please just do your research on someone before you part with your hard earned coins.

Note to mod, I know this is in the wrong section as I am not selling anything, I feel we all need to be wiser, People in the selling forums are less likely to look elsewhere for information on what this is and how it is acheved,Even if a few people read this and use escrow, Or a few scammers don't get their coins, I will consider this a good job.Please consider not moveing out the way, This needs to be addressed.

Liar, nothing is 100% safe. This thread is an example and proves that we will be fooled everyday!

Erm, Where did I say this was 100% safe? I will reiterate for you

Quote

Please just do your research on someone before you part with your hard earned coins

Why aren't services like BITHALO or counterparty mentioned?? 3rd party escrow is exactly what we (crypto) want to avoid... Decentralized currency... No coercion.. No monopolies... No more mt. gox or moolahs man. These "trusted" escrows are all trusted until the price is right then "oops we lost the funds"... :/

Why aren't services like BITHALO or counterparty mentioned?? 3rd party escrow is exactly what we (crypto) want to avoid... Decentralized currency... No coercion.. No monopolies... No more mt. gox or moolahs man. These "trusted" escrows are all trusted until the price is right then "oops we lost the funds"... :/

Unfortunately any escrow is essentially a 3rd party, Tho I agree with you, but this list is for users on bitcointalk.org wishing to help the community, not users hiding behind a company name on a fake whois website (not reference to pre-mentioned services) so when they run of with coins it's the companies fault.

NOTE TO EVERYONE - I have not done this list in ages, Been caught up with squall coin stuff, I will do over the weekend, please message here or PM if I STILL have not listed you, Please accept my apology.

Escrow is a dying dog... Why use a middle man when you can use smart contracts that were just release in Bitbay.I've used escrow many times... and every time there was issues... First the escrow agent went AWOL and made me wait a few days to get paid, in the mean time btc price dropped and I lost money.

Just wondering: how can you be sure that the seller doesn't know the escrow? I mean, the escrow list is not that big and moreover the same escrow can be hidden under different usernames. Also, i noticed that there are only three or four "large" sellers of Casascius coins in this forum. So, even if the buyer choose the escrow, is there a risk that the the seller "knows" the escrow?

Just wondering: how can you be sure that the seller doesn't know the escrow? I mean, the escrow list is not that big and moreover the same escrow can be hidden under different usernames. Also, i noticed that there are only three or four "large" sellers of Casascius coins in this forum. So, even if the buyer choose the escrow, is there a risk that the the seller "knows" the escrow?

Am i becoming paranoiac?

What do experts think about it?

Cheers,

Bestcoin_59

As one that has sold many Casascius Coins on the forum, I have performed both escrow'ed and non-escrowed trades. There are a few members on the forum that are well known for their escrow service and have handled 100's of BTC for transactions. If you do not feel comfortable, contact some of the members and ask them about their process. I have used DannyHamilton and OgNasty for both buying and selling. I do not know them other than their professionalism in performing escrow transactions for me.

Yes, there is a risk anytime you make a transaction with parties you do not know, but escrow with an agent who has a perfect feedback in the area reduces the risk greatly. I have done enough trades and have earned the good feedback that many times I perform trades with others with similar earned trust without escrow.

Maybe we should change the original post in this thread to something more informative. I didn't know what an "escrow" was when I signed up here. People will see "Please escrow" and won't know what it is. Maybe add a simple explanation?

can anyone will help mr eith this escrow.thing.....I wanna know what is it and how it works

Escrow is a a bond, deed, or other document kept in the custody of a third party and taking effect only when a specified condition has been fulfilled. That is, suppose you want to sell 1BTC for $222. You will send your 1BTC to a trusted person for escrowing it. When buyer sends you $222 into your account, you will tell the escrower that you received the money. Then the escrower releases the 1BTC to the buyer's Bitcoin address. This is how escrow works.